Money laundering

A source said the ED carried out the raids after questioning several people over the past few days. Officials said more raids are in the offing. IRS officer Sushil Kumar, holding additional charge of special director of western region, has stationed himself in Mumbai since Monday to supervise the raids.

he 63-year-old former Kingfisher Airlines (KFA) boss is currently appealing against his extradition order from the UK to India to face charges of fraud and money laundering amounting to an alleged Rs 9,000 crores.